Introduction to International Law and Policy
Discuss 3 aspects of the United States Constitution that apply to international law and policy. Review current events over the past 6 months, and discuss 3 actions taken by the United States government (i.e., trade negotiation, military engagement, humanitarian issues et al), and whether the actions taken were constitutional or unconstitutional.
Taxation Law
Question One
“In my view there was an identity of interest in the transaction, as between AXA and Macquarie Bank, which was not simply that of vendor and purchaser. Macquarie Bank had, in effect, undertaken to assist AXA to dispose of AXA Health in a way which would minimise AXA’s capital gains tax exposure. They were to have an ongoing relationship with respect to any short-term profit on resale. Their relationship was not at arms length. Their dealings reflected that fact.”
Required: Critically discuss the decision of the court in Federal Commissioner of Taxation v AXA Asia Pacific Holdings Ltd [2010] FCAFC 134 by considering the above extract from the decision of Dowsett J.
Question Two
S 110-45(1B) of the ITAA 97 reads as follows: “Expenditure does not form part of the second or third element of the cost base to the extent that you have deducted or can deduct it.”
Required: Critically discuss the practical application of the above provision, with specific reference to the meaning of the words “you have deducted or can deduct it”.
Evaluating lifestyle
Our focus has been on you looking/evaluating you lifestyle (Units 2-4) because you have the control/ability to change you lifestyle which then impacts your health, wellness, and fitness. What are some areas that influence your lifestyle that you have little or no control over?